External Financial Reporting Decisions

This module of the CMA USA course teaches the students about the financial conditions of a business and the prediction of its future financial condition. This module has a blend of basic accounting principles, tax principles, financial summaries, statements, disclosures and financial reporting skills. Besides conceptual learning, this module also introduces how to analyse financial data and derive meaningful reports for the business. These are the traits students develop as a part of their learning of the module - External Financial Reporting Decisions as a part of CMA USA Course - Part 1.

Planning, Budgeting and Forecasting

An organisation without a budget is like you share your bank account but hold no control over the transactions. The budget decides the figures of profit present in the reports. Planning makes an organisation ready for the risks and dilutes its effects. This CMA USA course module allows learners to have the most practical business skill, planning and budgeting. Students get to learn budgeting concepts, methodologies, financial projections, cash flow projections and analysis of the business and then how to do strategic planning and allocate the resources available in the business.

Performance Management

The performances of each asset in an organisation are directly linked with the overall performance and profitability of the business. The performance management process helps stakeholders keep up with all the financial updates. The module covers cost and variance measures, performance measures, performance analysis of the business, profitability analysis, preparing a balance score card and designing the KPIs of any business. As a CMA professional, you master optimising any business's performance.

Cost Management

Cost is always the soul of every business, and no business plan can ever work without managing costs efficiently. The skills of CMAs always align with transactional data, managing costs and transactions, the movement of profits, and cost planning.The student learns the cost estimation per the records and controlling expenses by the plan. In addition, the course includes insights into costing systems, measurement techniques, cost behaviour, supply chain management, lean management techniques, ERP, value resource planning and a host of cost management concepts.

Internal Controls

The skills taught in the CMA USA module on internal controls cover an extensive area of controls for any business. The student learns the plan for financial controls, cost controls, risk controls, compliance, audits, and governance that is crucial for any enterprise. Inspections have two branches that are external and internal. It is essential to take care of internal audits and controls so that business operations can be more efficient and productive. This module teaches you how to build the right internal controls and governance for the business.

Technology and Analytics

The world is running after analytics because it adds value to the prediction. When we take out the report from the past and merge it with the risk, analytics come into action. As a result, today, businesses look for professionals not just with accounting expertise but also have skills in data analytics and using technology. A Certified Management Accountant (CMA) professional should be well-equipped with the practical implementation of analytics and how to leverage technology and data analytics to build the best accounting practices and systems for any industry or business.